TIM's Environmental Strategy validated by the STBi

Our emission reduction targets have been certified

07/01/2022 - 01:41 PM

Press Release

Science Based Targets Initiative validates the emission reduction targets of the Group’s ESG Plan

Insights

Science Based Targets

Insights

Environment and Circular Economy

TIM's environmental strategy is based on a concrete plan of challenging but achievable goals. This has also been confirmed by the validation of our emission reduction targets by the Science Based Target initiative*, the international organisation that promotes the setting of measurable climate footprint reduction targets and independently validates them to support companies in the transition to a sustainable economy.

Specifically, there are two targets certified by SBTi that TIM has set itself to achieve by 2030 (compared to 2019):

Reduce emissions from the company's production activities and from the purchase of electricity by 75% ( Scope 1 and Scope 2) by purchasing 100% renewable energy by 2025 and by adopting energy efficiency measures on company assets, and promoting the progressive electrification of the company fleet.
Reduce the emissions produced upstream and downstream of the production cycle (Scope 3) by 47%, particularly those related to the purchase of goods and services, capital goods and the use of products sold, by choosing suppliers according to ESG criteria, introducing sustainability parameters in procurement and tender procedures, and introducing IoT solutions and environmentally friendly products.

By achieving these goals, TIM aims to achieve Carbon Neutrality by 2030 and Net Zero emissions by 2040.

“TIM's climate strategy is an integral part of reshaping our business model. It is rooted in a Sustainability Plan made up of tangible projects, which will lead us not only to reduce the emissions of our production activities, but also of those upstream and downstream of our supply chain. The validation of these targets by the Science Based Targets initiative is an important signal, confirmation of our contribution to the broader goal of protecting our planet and fighting climate change”.

Pietro Labriola, TIM CEO

The validation of the targets by the STBi represents a confirmation of our climate strategy, one of the pillars of TIM's Sustainability Plan, which is focused on strengthening the circular economy, digital growth and the enhancement of human capital, through precise and measurable projects and targets.

With regard to the circular economy, in particular, we have set ourselves the target that by 2024 at least 50% of the smartphones and products sold will be regenerated or based on eco-design rules so as to have a low environmental impact.
In addition, we have introduced a circular economy indicator in order to reduce waste and to extend the useful life of the company assets, also by working on our supply chain, which is more and more focused on sustainable recycling as well as the production of secondary raw materials and initiatives to donate intact and functional furniture and IT equipment to non-profit organisations.

*The Science Based Targets initiative is promoted by CDP (formerly Carbon Disclosure Project), the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and intends to contain global warming to 1.5° C in line with the Paris Agreement on Climate.